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Germany stocks lower at close of trade; DAX down 1.72%

Published 02/24/2023, 01:15 PM
© Reuters Germany stocks lower at close of trade; DAX down 1.72%

Investing.com – Germany stocks were lower after the close on Friday, as losses in the Technology, Retail and Construction sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.72%, while the MDAX index fell 0.98%, and the TecDAX index declined 1.68%.

The best performers of the session on the DAX were Linde PLC (ETR:LINI), which rose 1.98% or 6.20 points to trade at 319.00 at the close. Meanwhile, Deutsche Boerse AG (ETR:DB1Gn) added 0.89% or 1.45 points to end at 165.05 and Munich Reinsurance (ETR:MUVGn) was up 0.28% or 0.90 points to 319.50 in late trade.

The worst performers of the session were BASF SE NA O.N. (ETR:BASFN), which fell 7.86% or 4.10 points to trade at 48.07 at the close. Vonovia SE (ETR:VNAn) declined 5.03% or 1.26 points to end at 23.80 and Infineon Technologies AG NA O.N. (ETR:IFXGn) was down 3.50% or 1.22 points to 33.60.

The top performers on the MDAX were Gerresheimer AG (ETR:GXIG) which rose 4.30% to 82.45, K&S AG (ETR:SDFGn) which was up 2.78% to settle at 22.53 and Knorr-Bremse AG (ETR:KBX) which gained 2.11% to close at 66.78.

The worst performers were Siltronic AG (ETR:WAFGn) which was down 8.95% to 68.15 in late trade, Aroundtown Property Holdings PLC (ETR:AT1) which lost 5.09% to settle at 2.37 and Delivery Hero AG (ETR:DHER) which was down 4.07% to 37.22 at the close.

The top performers on the TecDAX were Hensoldt Ag (ETR:HAGG) which rose 2.87% to 30.50, ADTRAN Holdingsa Inc (ETR:QH9) which was up 1.82% to settle at 16.80 and Telefonica Deutschland Holding AG (ETR:O2Dn) which gained 0.77% to close at 2.89.

The worst performers were Nagarro SE (ETR:NA9n) which was down 10.96% to 96.70 in late trade, Siltronic AG (ETR:WAFGn) which lost 8.95% to settle at 68.15 and Verbio Vereinigte Bioenergie AG (ETR:VBKG) which was down 3.87% to 47.72 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 495 to 179 and 84 ended unchanged.

Shares in Gerresheimer AG (ETR:GXIG) rose to 52-week highs; up 4.30% or 3.40 to 82.45. Shares in Hensoldt Ag (ETR:HAGG) rose to all time highs; rising 2.87% or 0.85 to 30.50.

The DAX volatility index, which measures the implied volatility of DAX options, was up 7.34% to 20.47 a new 1-month high.

Gold Futures for April delivery was down 0.54% or 9.95 to $1,816.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.06% or 0.80 to hit $76.19 a barrel, while the April Brent oil contract rose 0.86% or 0.71 to trade at $82.92 a barrel.

EUR/USD was unchanged 0.46% to 1.05, while EUR/GBP unchanged 0.14% to 0.88.

The US Dollar Index Futures was up 0.63% at 105.20.

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